On Monday, the Solana course is down 1 %, to 143.92 dollars, while the network strives to restore the confidence of investors, following the discreet disclosure of a major flaw in its token system.
The cryptocurrency fell 3.8 % in the last week, but it earned 21.5 % in the last month.
The Solana course fell to $ 143.92 in the middle of a controversy on a silent bug correction
The bug, which affected the Token-22 standard of Solana, confidentiality focused, would have enabled attackers to forge false evidence with zero disclosure to hit unlimited tokens or remove assets from the portfolios from other users. Solana’s development teams reacted quickly, publishing a corrective within 24 hours of the disclosure of vulnerability on April 16.
The feat comes from a flaw in the ZK Elgamal Proof program, a technology used to validate confidential transfers without disclosing the details of the private transaction. The bug did not include essential algebraic components during the Fiat-Shamir transformation, allowing sophisticated actors to bypass validation checks.
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Solana discreetly pushed the fix to the validators, who implemented it without warning the public. On April 18, a supermajurity of the nodes had adopted the fix, and third -party audits confirmed the absence of proof of exploitation. But the decision to delay the disclosure of the flaw until the implementation of the correction has aroused hostile reactions among certain members of the community, who considered this gesture as opaque and centralized.
“Did I hear well? There was a 0-day bug on the Mainnet de Solana and more than 70 % of the validators secretly collaborated to upgrade and correct the critical bug before he was even made public,” posted an investor, Cloud, on X.
Others mentioned the previous history, noting that Bitcoin and Ethereum had managed similar bugs in the past. Solana defenders argued that the decision had given priority to the protection of users on optical considerations.
In the meantime, Solana remains a first pretender in the race for tokenization. According to The DEUX, the BlackRock Buidl Fund has allocated a little more than $ 20 million to Solana, less than other channels like Ethereum, Aptos and Avalanche but still notable.
And despite the recent controversy, the total offer of Stablecoins sur Solana has just reached a record level of $ 13.1 billion, just with the USDC which alone exceeds $ 10 billion on the network.
While the cryptocurrency sector continues to evolve, the incident highlights the tension between operational security and decentralization, especially when institutions like Blackrock deepen their exposure to on-chain assets.
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